08-05-2015, 06:47 PM
(08-05-2015, 04:15 PM)EricL Wrote:(08-05-2015, 03:08 PM)Rasec Wrote: Is Disney a buy/bargain at this price point ($110)?
I know I'm probably in the minority, but I wouldn't be interested until it got in the low $90's. Its normal PE over the last 10 years is 17.8, and the last 5 is 17.2.
With an expected $5.05 in 2015 earnings an 18 multiple would put "fair price" at about $90.90.
It is an outstanding company, but at current prices of 24 times earnings its too expensive in my opinion.
Totally agreed on DIS. Love Disney but there are other awesome companies available for fair value or cheaper right now that I'd rather buy into.